Have you ever worked with family and friends?

[lookingforadvice]

From what I see, it is very rare that businesses involving family and friends have any real longevity. We all have different opinions, we all have different skills and we all have different approaches to risk/reward. Personally, I think it would be a nightmare working closely with family and friends in business. How do you separate your business life from your personal life? In reality how can you draw the line under disagreements in the workplace and stop them being carried over into your personal life?

 

[Business Upside]

The idea of hiring your family to help get your startup or small business going presents some advantages, such as them working for a reduced wage until cash flow increases. You may feel that family are the only ones that you can impose upon that much. As a whole, your nearest and dearest are also pretty reliable and trustworthy. They’re probably not going to throw you under the bus, but there are also a lot of reasons why you shouldn't hire and work with your relatives.